Banks

Banks are institutions that have the right to carry out financial intermediation activities. That is, it collects the savings of customers and stores them in exchange for a cost for the service.

The costs of keeping money in a bank, whatever it is, are one of the main methods of financing the bank itself. Above all, the interest that customers pay for applying for a loan or taking out a mortgage, finances banking institutions.

Banks, ultimi articoli su Money.it International

Open Banking: here’s what it is and how it works

Money.it

16 August 2023 - 09:55

Open Banking: here's what it is and how it works

Banks share current account and transaction data with third-party companies through the use of open banking. Let’s see in detail what it is and why it is important for the banking and fintech world.

China’s plan to destroy banks, explained

Money.it

28 April 2023 - 10:35

China's plan to destroy banks, explained

Xi Jinping’s plan to destroy banks and other financial institutions and conquer their powers and privileges continues unabated. The target? Control 100% of the Chinese banking sector.